Abstract
The aim of this paper is to specify a theory to explain why transitions to a market economy cause a shift to a higher level of innovation. Marketization increases the power of economic actors relative to political actors, increases inter-firm competition, creates new opportunities for entrepreneurship, and subsequently motivates innovative activity. For our empirical application, we focus on China's transition economy, which offers a broad range of institutional environments to examine the relation between market transition and increasing innovative activity by entrepreneurs and firms.
| Original language | English |
|---|---|
| Pages (from-to) | 397-425 |
| Number of pages | 29 |
| Journal | Journal of Institutional and Theoretical Economics |
| Volume | 166 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 2010 Sep 1 |
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All Science Journal Classification (ASJC) codes
- Economics and Econometrics
Cite this
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A theory of innovation : Market transition, property rights, and innovative activity. / Nee, Victor; Kang, Jeong-han; Opper, Sonja.
In: Journal of Institutional and Theoretical Economics, Vol. 166, No. 3, 01.09.2010, p. 397-425.Research output: Contribution to journal › Article
TY - JOUR
T1 - A theory of innovation
T2 - Market transition, property rights, and innovative activity
AU - Nee, Victor
AU - Kang, Jeong-han
AU - Opper, Sonja
PY - 2010/9/1
Y1 - 2010/9/1
N2 - The aim of this paper is to specify a theory to explain why transitions to a market economy cause a shift to a higher level of innovation. Marketization increases the power of economic actors relative to political actors, increases inter-firm competition, creates new opportunities for entrepreneurship, and subsequently motivates innovative activity. For our empirical application, we focus on China's transition economy, which offers a broad range of institutional environments to examine the relation between market transition and increasing innovative activity by entrepreneurs and firms.
AB - The aim of this paper is to specify a theory to explain why transitions to a market economy cause a shift to a higher level of innovation. Marketization increases the power of economic actors relative to political actors, increases inter-firm competition, creates new opportunities for entrepreneurship, and subsequently motivates innovative activity. For our empirical application, we focus on China's transition economy, which offers a broad range of institutional environments to examine the relation between market transition and increasing innovative activity by entrepreneurs and firms.
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UR - http://www.scopus.com/inward/citedby.url?scp=77958521954&partnerID=8YFLogxK
U2 - 10.1628/093245610793102152
DO - 10.1628/093245610793102152
M3 - Article
VL - 166
SP - 397
EP - 425
JO - Journal of Institutional and Theoretical Economics
JF - Journal of Institutional and Theoretical Economics
SN - 0932-4569
IS - 3
ER -